Stay updated with breaking news from Silverstone Berhad. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Florence Pugh was inspired to help fund a team of scientists trying to find a cure for dementia after meeting Sir Jackie Stewart's wife, who needs 24-hour care at home
Damian Lewis has been spotted packing on the PDA with his girlfriend Alison Mosshart as the couple enjoyed a romantic trip away in St Tropez
Print HYOGO, Japan—Toyo Tire Corp. has decided to dissolve its Silverstone Berhad subsidiary in Malaysia and close the unit's car, truck, farm and industrial tire plant in Kamunting, Malaysia. Toyo will transfer the 32-year-old plant's production capacity of 3 million units to its Toyo Tyre Malaysia Sdn. Bhd. subsidiary nearby and discontinue the Silverstone brand. Toyo said it expects to book a $60 million loss on the action. Toyo bought Silverstone in 2010 and disclosed plans at that time to produce Toyo- and Nitto-brand tires at the firm's plant in Kamunting. Production is slated to st...
Toyo to close Malaysian tire manufacturing unit Silverstone Berhad (Perak, Malaysia) in June, the company has announced. The wholly-owned subsidiary will subsequently be dissolved, according to the 15 Feb statement from Takashi Shimizu, president & CEO of Itami City, Hyogo-based Toyo Silverstone Berhad manufactures tires for new vehicles and Silverstone brand tires for aftermarket use, primarily for automakers in Malaysia, as well as certain Toyo Tires brand tires. According to Toyo, the closure decision was “unavoidable [given] the operating environment, the position of the plant in our ...
Toyo to close Silverstone plant in Malaysia, phase out brand Print HYOGO, Japan — Toyo Tire Corp. has decided to dissolve its Silverstone Berhad subsidiary in Malaysia and close the unit's car, truck, farm and industrial tire plant in Kamunting, Malaysia. Toyo will transfer the 32-year-old plant's production capacity of 3 million units to its Toyo Tyre Malaysia Sdn. Bhd. subsidiary nearby and discontinue the Silverstone brand. Toyo said it expects to book a $60 million loss on the action. Toyo bought Silverstone in 2010 and disclosed plans at that time to produce Toyo- and Nitto-brand ti...